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Korea Fund

:

About the Fund

All data as of 03/31/17, unless otherwise indicated.

Objective

Seeks long-term capital appreciation through investment in Korean securities.

At a Glance

Symbol KF

CUSIP Number
500634209

Assets (in millions of USD)
Common: $274.0
Preferred:
Total:$274.0

Inception Date: 8/29/1984

Shares Outstanding (as of 04/25/17):
6,538,076

Average Daily Volume:
12,062

NAV Distribution Rate:
.67%

Market Price Distribution:
.75%

Fund Overview

Highlights

Normally invests at least 80% of its net assets in securities listed on the Korea Stock Exchange.

Offers capital appreciation potential by focusing on Korea companies exhibiting solid long-term growth characteristics.

Designed for investors who want to participate in the Korean economy.

Investment Process

In selecting investments for the Fund, the investment manager examines each company’s prospects for growth, quality and valuation.

The firm screens stocks based on a broad range of variables, including price-to-earnings ratios, dividend yields and earnings-per-share growth.

In addition to bottom-up fundamental research, the firm also utilizes GrassrootsSM Research to affirm company analysis or macroeconomic trends.

The investment team's extensive experience and proprietary investment tools allow information to be processed quickly.

Managers

Chris Leung

Mr. Leung, CFA, is a senior portfolio manager with Allianz Global Investors, which he rejoined in 2014 after previously working with the firm from 2001 to 2006. He is a portfolio manager for the Korea Fund, a country specialist for Korea and has primary responsibility for managing the firm’s Korea strategies. In his previous role, Mr. Leung managed Korean equity mandates and pan-regional strategies, and provided support to the regional portfolio-management team. He has 20 years of investment-industry experience. Mr. Leung previously worked at LAPP Capital, where he specialized in long-short equity investments in Korea and Hong Kong/China. He also previously worked at AXA Investment Managers in Hong Kong as an investment analyst and portfolio manager, managing Korean country funds. Mr. Leung has a B.A.P.S.C. in civil engineering and an M.B.A. from the University of British Columbia in Canada. He is a CFA charterholder.

Raymond Chan

Mr. Chan, CFA, is a portfolio manager and CIO Equity Asia Pacific with Allianz Global Investors, which he joined in 1998. He is responsible for all AllianzGI investment professionals in Asia (excluding Japan). Mr. Chan has 26 years of investment-industry experience. He was previously an associate director with Barclays Global. Mr. Chan has a B.A. from the University of Durham, UK, and an M.A. from the University of Exeter.

Management Firm: Allianz Global Investors U.S. LLC

Allianz Global Investors US is an integrated investment management organization that provides solutions across equity, fixed income and alternative asset classes. The hallmark of Allianz Global Investors US is entrepreneurial, autonomous investment teams supported by common infrastructure. With a focus on clients, Allianz Global Investors US strives for investment innovation, efficient execution and quality service.